Wednesday, 19 July 2017

Zinc trading range for the day is 176.1-183.1.Zinc dropped as pressure seen after zinc inventories grew indicating that supplies were still available despite the closure of big mines. ILZSG reported global zinc supply deficit expanded to 178,000 tonnes during January-May, compared to 133,000 tonnes deficit in the same period of 2016. Global zinc ore production increased 6.3% on a yearly basis to 5,375,000 tonnes during January-May.